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Suppose that MNINK industries capital structure features 63 % equity, 7 % preferred stock, and 30 % debt. If the before tax component costs of...
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Suppose that MNINK industries capital structure features 63 % equity,

7 % preferred stock, and 30 % debt. If the before tax component costs of equity, preferred stock, and debt are 11.6 %, 9.5%, and 9% respectively, what is MNINK's WACC if the firm faces an average tax rate of 21% and can make full use of the interest tax shield?

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